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Bitcoin Price: Miner's Strength, Long Order Risks
Bitcoin miners [BTC] are showing confidence as selling pressure has decreased to its lowest level since the beginning of 2024.
This trend reflects an increasing confidence in price stability, but still accompanies a highly leveraged market. With a strong long position, any price fluctuation can trigger new volatility and force liquidity.
Selling pressure from miners reaches a low in 2025
According to data from Alphractal, selling pressure from miners has decreased to the lowest level since the beginning of 2024, with the miner pressure index now closely following the lower boundary.
The last time the pressure was this low, Bitcoin went through a period of stability before the next major volatility. However, with the increase in leveraged long positions, any sudden price changes could prompt miners to reconsider their stance, potentially reigniting volatility.
Are longs in a dangerous zone?
Although miners are holding strong, the derivatives market is quite fragile.
The liquidity map of BTC shows a significant accumulation of high-leverage long positions, especially between 100K USD and 110K USD.
Risk? A quick move downward could lead to payments of billions of USD, increasing high volatility.
When the recent growth in open interest is entirely due to leveraged long positions, the market tilts sharply – opening up opportunities, but also posing a significant risk of a sharp decline.
Bitcoin Price Outlook
As of the time of writing, BTC is trading at 104,336 USD, down 0.27% on the day. Despite a slight adjustment, BTC remains above the important support level of 100K USD.
RSI is fluctuating around the level of 75; overbought conditions and the possibility of cooling off.
Meanwhile, the OBV has flattened after recent growth, indicating that buying momentum may be slowing down.
With the optimistic sentiment still being maintained but the potential leverage risk, BTC could continue to consolidate above 100K USD or face a strong correction if the selling pressure returns.
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